International Business : Environments and Operations

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John Daniels and Lee Radebaugh share their first hand knowledge of international business through this new edition of their market leading textbook. This textbook thoroughly discusses the differences faced in international environments, the overall strategies that companies can take, and the functional alternatives for operating abroad. Cited as having the widest coverage of all International Business textbooks, Daniels and Radebaugh have added the internationalization process to many chapters a nd have extensively revised the strategy chapters for this edition. To make learning (and teaching!) more interesting this book is overflowing with colorful maps, strong opening and closing cases, and current examples. Available with GLOBE (CD-ROM with electronic Atlas and exercises).

Part 1 Background for International Business

2

(55)

Chapter 1 International Business: An Overview

2

(55)

Case: Euro Disney

3

(24)

Introduction

8

(6)

Modes of International Business

14

(5)

External Influences on International Business

19

(4)

Evolution of Strategy in the Internationalization Process

23

(4)

Countervailing Forces

27

(2)

Ethical Dilemmas & Social Responsibility

29

(4)

Looking to the Future

33

(1)

Summary

33

(1)

Case: Blockbuster Video

34

(6)

International Business Environment: An Atlas

40

(8)

Map Index

48

(9)

Part 2 Comparative Environmental Frameworks

57

(132)

Chapter 2 The Cultural Environments Facing Business

57

(42)

Case: Parris-Rogers International (PRI)

58

(29)

Introduction

61

(2)

The Concept of Culture

63

(3)

Behavioral Practices Affecting Business

66

(14)

Reconciliation of International Differences

80

(1)

Cultural Needs in the Internationalization Process

81

(6)

Ethical Dilemmas & Social Responsibility

87

(2)

Countervailing Forces

89

(1)

Looking to the Future

90

(1)

Summary

91

(1)

Case: John Higgins

92

(7)

Chapter 3 The Political and Legal Environments Facing Business

99

(38)

Case: The Taipan's Dilemma

100

(23)

Introduction

103

(1)

The Political Environment

104

(1)

The Political System and Its Functions

104

(1)

Basic Political Ideologies

105

(11)

The Impact of the Political System on Management Decisions

116

(1)

Formulating and Implementing Political Strategies

117

(2)

The Legal Environment

119

(4)

Ethical Dilemmas & Social Responsibility

123

(3)

Evolution of Legal and Political Strategies in the Internationalization Process

125

(1)

Countervailing Forces

126

(1)

Looking to the Future

127

(1)

Summary

128

(2)

Case: Bata, Ltd.

130

(5)

Appendix 1 Comparative Measures of Freedom

135

(2)

Chapter 4 The Economic Environment

137

(52)

Case: McDonald's Corporation

138

(27)

Introduction

141

(1)

Classifying Economic Systems

142

(5)

Classifying Countries

147

(7)

Key Macroeconomic Issues

154

(11)

Ethical Dilemmas & Social Responsibility

165

(12)

Transformation to a Market Economy

168

(8)

Adapting to Foreign Economic Environments in the Internationalization Process

176

(1)

Countervailing Forces

177

(1)

Looking to the Future

178

(1)

Summary

178

(2)

Case: Pizza Hut in Brazil

180

(9)

Part 3 Theories and Institutions: Trade and Investment

189

(182)

Chapter 5 International Trade Theory

189

(44)

Case: Sri Lankan Trade

190

(19)

Introduction

193

(2)

Mercantilism

195

(1)

Absolute Advantage

196

(4)

Comparative Advantage

200

(4)

Factor-Proportions Theory

204

(2)

The Product Life Cycle

206

(3)

Ethical Dilemmas & Social Responsibility

209

(14)

Trade Patterns

211

(4)

Independence, Interdependence, and Dependence

215

(3)

Why Companies Trade Internationally

218

(4)

Trade in the Internationalization Process

222

(1)

Countervailing Forces

223

(1)

Looking to the Future

224

(1)

Summary

225

(2)

Case: The Cashew

227

(6)

Chapter 6 Governmental Influence on Trade

233

(45)

Case: United States-Japanese Auto Trade

234

(17)

Introduction

237

(1)

The Rationale for Governmental Intervention

238

(11)

Forms of Trade Control

249

(2)

Ethical Dilemmas and Social Responsibility

251

(17)

From GATT to WTO

260

(6)

International Business Strategy in the Internationalization Process

266

(2)

Countervailing Forces

268

(1)

Looking to the Future

269

(1)

Summary

270

(1)

Case: United States-Cuban Trade

271

(7)

Chapter 7 Economic Integration and Cooperative Agreements

278

(54)

Case: Ford in Europe

279

(30)

Introduction

282

(5)

The European Union

287

(11)

North American Free Trade Agreement (NAFTA)

298

(8)

Latin American Integration

306

(3)

Ethical Dilemmas & Social Responsibility

309

(11)

Asian Integration Efforts

310

(2)

African Cooperation

312

(2)

Commodity Agreements

314

(3)

The United Nations

317

(1)

The Environment

318

(2)

Countervailing Forces

320

(1)

Looking to the Future

320

(2)

Summary

322

(1)

Case: Crystal Lake Manufacturing--A NAFTA Dilemma

323

(9)

Chapter 8 Foreign Direct Investment

332

(39)

Case: Bridgestone Tire Company

333

(22)

Introduction

335

(1)

The Meaning of Foreign Direct Investment

336

(3)

The Relationship of Trade and Factor Mobility

339

(3)

Motivations for Handling International Business through Direct Investment